for all the hype greenspan has been getting, he was just doing his job while managing to engineer two of the greatest bubbles the history has known.

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as a contributer for Ayn Rand's Objectivist newsletter in the 50s-60s, this former jaz saxaphonist wrote about how nobody has the right to take property and force it to be used to serve a public purpose. he championed a gold standard to protect individuals from having their wealth confiscated